Insurance News – auto insurance, health insurance quotes

There is also a need for the state support – in fact, insurance support (in a counterbalance to direct payments from the budget to the suffered agriculture producers), which allows to use budgetary funds more rationally and to reach greater effect at smaller expenses. On the other hand, the state support of insurance is directed on overcoming of those natural restrictions, which prevent agrarian insurance development in cleanly market conditions – low profitability, complexity of tariffing, etc. Hence, state support allows reaching reduction in price of insurance for agricultural manufacturers through the mechanism of the insurance premium subsidizing, and also puts public services into operation on granting the information and methodological help to the insurance companies. Interaction of the state, insurers and insurants is based on observance of three important principles:
• Information transparency, which foresees active exchange of a trustworthy information between establishments and the organizations, representing the different interested parties;
• Stability of the same establishments existence (the Law on agricultural risks insurance in Spain has been accepted in 1978, and it has not been changed since then);
• Spirit of cooperation between agrarian insurance market participants.
Specificity of crop and definition of damage insurance contract imposes a number of difficulties at work on voluntary insurance on market conditions. Every Russian underwriter or expert on payments knows these problems. Voluntaries of insurance means also the special approach in risks’ portfolio management, and complexities with diversification (including territorial), and difficulties in establishment of limit for own deduction (both on separate regions, and on areas and on facilities).

 

During last five years the market of building risks insurance develops dynamically. In 2005 almost 80 % of building operations were insured, thus the cumulative insurance premium on construction risks insurance has made 5,3 billion rubles. For comparison, in 2000 the share of insured risks made only 30 %. In 2006 the market has grown almost on 40 % and has got 9,0 billion rubles of the insurance premium. And though adjusted totals for 2007 are not brought yet, according to the forecasts, existing dynamics of growth of building risks insurance market is kept. We expect, that the cumulative insurance premium on insurance of construction risks for a year will make nearby 12 billion rubles.
There are some reasons of growth. First one is that the general rise of the building market, as a whole, and also increases of interest to insurance of building risks affects investors and customers. Development of the market occurs basically due to activization of operations on insurance of social and construction works. Secondly, new kinds of insurance – such, as insurance of after-building guarantee shows that, insurance of the responsibility under state contracts have started to develop actively.

 

The second annual conference “Modern ways of financing of the commercial real estate: leasing, design financing, IPO”  will offer case study in the context of which leasing experts will tell detail about practical questions of the real estate leasing transactions.
In experts’ opinion, absence of precise legislative regulation of legal procedures of registration of transactions with real estate is to become one of the primary factors, braking leasing development, as way of commercial real estate financing.
So, absence of procedure on real estate leasing transactions registration allows each registering body to carry out it in own way.
Also one more essential moment relies in opacity of the market of the commercial real estate, both as market of “seller”, and its inadequacy, to the pure and transparent financial tool – to leasing.
At the second annual conference “Modern ways of financing of the commercial real estate: leasing, design financing, IPO ” which will pass on May, 15th, at hotel Marriott Grand, experts will in detail tell about practical questions of real estate leasing transactions.
In case study leasing companies, which representatives will tell about pluses and minuses of this way of financing of projects on example of concrete transactions, will also participate.

 

 

 

Russian market of crop insurance is characterized by number of essential features. First of all, it suffers risk of the raised unprofitability, including due to significant losses from natural cataclysms (a drought, a frost, a hailstones, etc.), secondly, absence of actual statistics on unprofitability complicates work – such statistics is not being carried out from the moment of general insurance system disintegration.
Today Russian Agriculture insurance develops in the context of «Spanish model», which overall objective stabilization of farmers’ incomes and involving them in risks management. The system of agrarian insurance in Spain is constructed on interest and, accordingly, interaction of three basic participants – agricultural manufacturers, insurance companies and government. Agricultural manufacturers are interested in receiving insurance protection at the minimal cost. Insurance companies wish to conduct insurance operations with sufficient profitability degree, and thus test the certain shortage of the necessary information and methodological development for work with agrarian sector. And the government, from its part, pursues the state interest, wishes to create conditions for stable work of national agrarian sector in order to protect the manufacturer at minimal public costs.

 

Insurance of financial risks is a unique opportunity to return money, invested into the construction, in case of failure of obligations from the building organization.
The most widespread kinds of infringements from the builder are double sale of apartments relies in numerous carry of terms of input of the house to operation down to a suspension of construction.
Under the contract insurance case is default by the Counterpart (the building organization, cooperative society …) of financial obligations regarding return of the money resources paid by the Insurant according to the contract, in case of its cancellation by the Insurant owing to following events:
Delay by the counterpart of the term of input of apartment house established by the contract to operation more than for 6 (Six) months.
Not maintenance with the counterpart of registration of the property rights of the Insurant on an apartment within 6 (Six) months from the date of signing the certificate.
The insurance company, can sign the contract for the term from 2 till 5 years (better that the contract of insurance blocked terms of construction for 1-2 quarters).
Insurance of investment risks in share construction costs from 1,5 % from the sum of insurance and above – depending on validities of the contract, a degree of readiness of the house and reliability of participants of building process.

 

It is a complex of the programs, allowing securing you from contingencies during trips far abroad. The policy of travelers’ assurance will provide to you with reliable protection against a wide spectrum of risks, since expenses for treatment and finishing with civil liability, loss of luggage and even a canceling of trip.
For going abroad tourists the insurance program can provide insurance of medical and transport charges for the period of travel abroad, insurance of luggage, insurance of a civil liability and insurance upon accident.
The insurance sum under the policy can deviate from 15 up to 100 thousand US dollars.
There are special insurance programs for fans of scuba diving or winter kinds of sports.
Green card is a program of insurance of a civil liability for the motorists leaving on own for car. The insurance acts on territories of the countries-participants of a bureau Green card. Becoming the participant of the program, you will secure yourselves against troubles on roads during travel.
According to your desire validity of insurance policy can vary from 15 days till one year.
Depending on a direction of a trip, you can choose one of variants of policy validity:
• All the countries Green card-participants 
• European Union countries
• Countries, which are not entering into the European Union
• Belarus, Moldova and Ukraine.
 

In the fourth quarter 2007 losses of American International Group (AIG) have reached the record sum of $5,29 billion because of the write-offs, connected with crisis in the hypothec market.
The world’s largest insurer did not face such losses for all 89-years history. Company AIG has not justified expectation of the analysts expected smaller losses – at the level of $0,15 per share.
For comparison, during the similar period of 2006 AIG has received net profit in the sum of $3,44 billion, or $1,31 per share.
The corrected losses for the fourth quarter have made $3,2 billion, or $1,25 per share. Thus in the fourth quarter, 2006, the company has taken the corrected net profit at the rate of $3,85 billion, or $1,47 per action.
The chapter of the company Martin Sullivan has declared, that despite of “obviously unsatisfactory results” and possible write-offs in the further, AIG does not think, that contents of its investment portfolio will strongly worsen in long-term prospect.

 

 

At session of the government on Thursday Russian Prime Minister, Victor Zubkov has scarified the project of strategy of development of insurance activity in Russia for 2008-2012, prepared by the Ministry of Finance of the Russian Federation. V.Zubkov has noted, that the document “has descriptive character”, which is not allowing to define an essence of problem questions and ways of their decision. Russian Prime Minister has told that the strategy lacked analysis of the domestic insurance market in previous years and also analysis of the international insurance market.
Prime-minister has turned Special attention to absence of the competitive environment, the analysis and also the information on the markets of the states WTO-members.
Zubkov has stressed that advancing growth in 2001-2007 has not considered the authorized capital of insurers with foreign investments in comparison with growth of the cumulative authorized capital of the Russian companies and the first ones have increased the capital in 14 times, the second ones- only in 5,7 times.
Russian Prime Minister has emphasized, that opinions of direct market participants and also results of work of control bodies concerning observance of the current legislation are not considered in strategy.
According to Zubkov’s words the strategy should be coordinated with the three-year federal budget until 2010.
 

Russian citizens become private proprietors. They get the increasing quantity of every possible property. Insurers like formation of a high-grade class of city inhabitants. They are ready to protect all…on the competitive basis.
The apartment, car, furniture and all rest – in such order is usually cost of property at the average Russian citizens is being estimated. Apartments and cars are already enough densely captured by insurance business.
What about furniture? It is also possible to lose because of a banal fire or theft. But it is possible to insurer it. Insurers very much love room property – they are ready to insurer not only furniture, but also utensils, computers, clothes, carpets, electro household appliances, audio-, photo- and video equipment, and also subjects of use.
The special approach, the truth, is being kept at jewels, subjects of art, antiques, a collection demand – it is necessary to confirm their cost and authenticity, and also to provide special terms of storage.
 

These are the insurance programs owing to which, your favorites can receive veterinary service (by analogy to medical insurance of people), and you will be relieved of financial losses if something bad will happen to your with your pet. Pets’ insurance programs allow insuring house dogs, cats, birds, fishes.
Voluntary animals insurance – is a veterinary service for your pets and insurance in case of their death, loss or illness (animals insure in case of illness, and also death or theft from places of constant stay).
• animals’ insurance at transportation in case of their sudden death;
• animals’ insurance at their export abroad in case of trauma or disease with veterinary services expenses compensation;
• insurance of the responsibility of animals’ owners – insurance of owner’s duty to compensate the harm caused by its pet to health or property of the third parties.